Rebel Traders – Analysis Without The Hype

I’m selling my ultra short position (SDK)… locking in the gains here.

The afternoon market may have a deeper sell off or it will try and bounce. So I will play it safe and take my profits here.

I’m going to cover my short position here on CAT at $71.01 and capture the gains. We done good on this trade! It is likely to still go lower over the coming days and weeks but I want to lock in profits. In this crazy market we have one never can tell what will happen next. So The gains on UAUA and CAT were super for a 2 day trade.

I’m still holding onto my Ultrashort of the Russel Midcaps (SDK). And that too is doing nicely for me today.

The UAUA and CAT shorts worked beautifully. The charts told us to go short and they do not lie.

I am holding my shorts overnight. If you on the other hand want to take your profits here I would understand. I will hold mine and see what the morning brings. If there is any sign of a pop tomorrow in the morning then I will pull up my shorts and cover my behind.

The ultra short on the Russell MidCap is also doing well. I will hold that overnight also.

Some good profits for the Rebeltrader portfolio today.

P.s.: please remember to vote for my charts on stockcharts.com , and vote once every day .. Many thanks!!

Chuck

This is a plan to buy the 2x short of the Russell MidCap Growth. Symbol SDK.

Keep an eye on SDK and if you see the price move above $71.10 then I will be buying (long) SDK. Remember that SDK pays 2x for every point drop in the Rusell MidCap.

Correction: sorry, typo: buy on move over $72.10

http://www.proshares.com/ for information on how the ETF’s work